Shell reportedly mulling sale of chemical assets in Europe and US
Oil supermajor Shell is reportedly considering selling its chemicals assets in the Europe and the US, including its holdings in the Mossmorran plant in Fife.
Europe
European Oil and Gas news
Voltalis pledges £1bn after Ofgem demand response reform
An arcane Ofgem decision is bearing fruit. The regulator’s move to carve out space for demand-side response in the UK market has triggered a significant £1 billion investment from French energy technology company Voltalis.
All Europe Posts
UK power needs plan B as Hinkley decision delayed, Labour says
The U.K. government must lay out specific options to fill a looming energy shortfall after Electricite de France SA delayed a decision last week on whether to build Britain’s first nuclear power plant in 30 years, the opposition Labour Party said.
PetroNeft reaches compromise with activist investor
PetroNeft Resources has reached an agreement with activist investor Natlata Partners to appoint its chosen non-executive directors to the board, including controlling shareholder Maxim Korobov.
NOV makes 520 job losses in Norway
National Oilwell Varco (NOV) has made a further 520 redundancies in Norway.
Odfjell Drilling to make 200 job cuts
Odfjell Drilling said it will reduce its headcount by 200 positions.
Centrica makes £170million acquisition
Centrica today confirmed its £170million takeover of Denmark-based Neas Energy.
Viking Supply Ships to close its Canadian office
Viking Supply Ships is to close its office in Newfoundland as the global decline in oil price continues.
Shell starts voluntary redundancy process in Netherlands
Shell has started a voluntary redundancy process for staff in the Netherlands as it looks to cut its headcount by more than 10,000 jobs worldwide.
Third Energy agrees to fracking extension
Third Energy has agreed to further extension request from the North Yorkshire Council to have more time to consider the firm's fracking bid.
Aker Solutions wins Norway deal
Aker Solutions has struck a deal with Lundin Norway for its offshore developments.
Sequa Petroleum pulls out of Gina Krog, Ivar Aasen deals
Sequa Petroleum has called off planned acquisitions in the Gina Krog and Ivar Aasen fields.
Statoil gets permit for drilling of wildcat well
Statoil has been granted a permit by the Norwegian Petroleum Directorate (NPD) for the drilling of a wildcat well.
Italian vote fails to stop drilling extension
A vote in Italy to curtail the duration of existing drilling concessions in territorial workers has failed.
Aquatera strikes deal with Japanese partnership
Orkney based energy and environmental consultancy Aquatera has strengthened ties with Japan, becoming a member of a key industry association in the country and entering into a partnership with a leading Japanese offshore operations company.
Aker Solutions closes fabrication workshop with loss of 60 jobs
Aker Solutions has closed its fabrication operation at Agotnes, near Bergen in Norway, with the loss of 60 jobs.
Dong IPO may happen a year earlier than planned
The owners of Dong Energy, who include the Danish government and Goldman Sachs, may hold an initial public offering almost one year before a previously announced deadline, according to reports.
Preziosos Linjebygg to reduce headcount by 70 jobs
Norwegian company Preziosos Linjebygg said it will reduce its headcount by 70 positions.
DEA Norway warned “clock is ticking” for Zidane project
The Norwegian Ministry of Petroleum has warned Dea Norway and associates to put forward a plan for the Zidane project soon.
NPD issues rallying call for more exploration
The Norwegian Petroleum Directorate (NPD) has issued a rallying cry for more exploration to recover resources.
Norwegian shipyard files for bankruptcy
A Norwegian shipyard has filed for bankruptcy with 96 jobs expected to be affected.
EU regulators look again at Halliburton/Baker merger
Halliburton acquisition of Baker Hughes (BHI.N), a deal which US authorities say is uncompetitive, is being looked at again by EU competition regulators.
Songa kick-starts eight year Statoil campaign
Songa has kick-started an eight year drilling campaign with Statoil.
Petroceltic appoints examiner
The High Court in Ireland has confirmed examinership for struggling explorer Petroceltic.
Norway oil job losses hit 1,500 in one week
The past week has seen an estimated 1,500 jobs go from the oil and gas industry in Norway.
Frontera pleased with latest well stimulation programme
Frontera Resources has completed its well stimulation campaign in Georgia's South Kakheti Gas Complex's Oil Window initiative.
Europa focused on Wressle production
Europa Oil and Gas is gearing up for production from its Wressle onshore UK oil field and is aiming to expand its acreage in Ireland's Atlantic Margin.